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SPC
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Livermore
Master |
09-Oct-2006 22:50
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Refinery shutdown over and going to start production soon. The only refinery to time the shut down perfectly with drop in oil product price |
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singaporegal
Supreme |
09-Oct-2006 20:35
Yells: "Female TA nut" |
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Hi luvbugz, I think it might be an upward trend. 60% chance of that happening, I reckon... |
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YongJiu
Veteran |
09-Oct-2006 15:50
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Hi chipchip, sorry didn't look into MAE, not too sure abt this can't comment. any one here like to give us some input? |
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chipchip66
Master |
09-Oct-2006 15:43
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Hey yong Jiiu, i think got i sesdaq counter also into Bio-fuel. I think it is MAE engineering? What about that counter? |
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YongJiu
Veteran |
09-Oct-2006 15:32
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Hi chipchip66, Yeah, I'm eye on Bio-diesel like Wilmar at the moment.. but still not too sure if I wanna dive in now due to lack of knowledge in this field... and it involve policy risk where most of the plant is in Indonesia. |
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chipchip66
Master |
09-Oct-2006 14:31
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Looking at YongJiu's post, I think it is time SPC should invest in alternative energy resources like buying into companies dealing in Bio-diesl or something. Oil exploration is tedious work and may not guarantee black gold. |
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YongJiu
Veteran |
09-Oct-2006 14:22
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SINGAPORE (XFN-ASIA) - Singapore Petroleum
Co Ltd (SPC) said it will abandon exploration activities at the
Wortel-2 appraisal well, part of the Sampang production sharing
contract in Indonesia, after the drill stem test did not recover
significant hydrocarbons.
SPC holds a 36 pct stake in the oil discovery contract, which it is jointly exploring with partners Santos Ltd, Cue Energy and PT Petrogras. "There are plans for further appraisal drilling, including a third well, Wortel-3 appraisal well, to determine the full potential of the Wortel gas discovery, subject to partners' and governmental approval and rig availability," the company said in a statement. |
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luvbugz
Member |
08-Oct-2006 21:53
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hi singaporegal as for sudden price change, do u think it'll head north or south? |
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YongJiu
Veteran |
08-Oct-2006 21:40
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The United States general elections of 2006 will be held on Tuesday, November 7, 2006. So we should see oil price staying low to make peoples happy happy right =) |
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chew8888
Member |
07-Oct-2006 20:04
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SPC is rather closely correlated to oil price. When oil price is up, SPC ever exceeds $5. When oil price is down, SPC goes south too... |
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allantanhc
Veteran |
07-Oct-2006 14:18
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Looks to me like still trending in a downtrend price channel. Unless it can cross $4.85 convincingly, otherwise it may move towards $4.50 again. |
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singaporegal
Supreme |
07-Oct-2006 13:00
Yells: "Female TA nut" |
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Sudden price changes may be occuring soon. Bollinger bands pretty tight now. |
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starfire
Member |
06-Oct-2006 17:11
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Read this in one of the CNN site. Quote: Oil prices may back off from current highs, but the era of cheap energy is over. Oil sold for less than $20 a barrel for 11 of the 15 years from 1986 to 2000. Most economists today would breathe a sigh of relief if the price settled around $45. So oil and gas companies will likely enjoy a favorable market over the next 20 or 30 years. |
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YongJiu
Veteran |
06-Oct-2006 09:50
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then for sure this formula is working =) |
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starfire
Member |
06-Oct-2006 09:38
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BTW..my definition of long term is min. 5 yrs and beyong. |
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starfire
Member |
06-Oct-2006 09:36
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You can buy at any price if you are aiming for long term investment. I use the cost averaging method and so far it works well for me with an average of 9% returns. |
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YongJiu
Veteran |
06-Oct-2006 08:56
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ya, but the question is at what price =P |
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starfire
Member |
06-Oct-2006 08:10
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Long term wise, this counter is a must BUY. |
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chipchip66
Master |
05-Oct-2006 20:47
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OPEC will cut production by 1 mln barrels per day. That means SPC will probably go north tomorrow! |
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YongJiu
Veteran |
05-Oct-2006 08:39
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thanks for your advices... hehe will keep one side first =) |
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